10 to 20% decrease in Genève property prices this year. A consequential decrease, a first since 2000. Why and how is it explained ?
Why and how to explain a decline in Genève ?
Since the implementation of the restriction measures (2012) at the federal level, sales prices for Genève apartments or houses have for the first time faded in terms of prices.
If real estate prices fall by 10 to 20% in one year, it is the so-called “luxury” products that score fairly well with a drop of more than 30%. This fall was mainly seen in the sectors of Cologny and Collonges-Bellerive by some professionals of the sector. For them the causes of this sharp fall would be due to the currency that would have an enormous impact on prices in the real estate sector.
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